Bitcoin's sudden drop to $31,000 has sparked a wave of worry among investors. The question on everyone's mind: is this the end of the bull run? Not necessarily. Historically, BTC has seen similar corrections, only to bounce back stronger. A closer look at on-chain data reveals a surge in whale activity, hinting at potential accumulation at these levels.

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On-chain data suggests whale accumulation at $31,000, which could be a sign of a potential bottom. Historical corrections have been followed by stronger bounces, so it's too early to call the end of the bull run just yet.